This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $98,700 initial cash invested.
-13.8%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,347
Rent
-$1,135
Cashflow
Cash Flow
$2,347 income − $3,482 expenses = $1,135 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,347
Total Expenses
$3,482
Mortgage P&I
111%
$2,597
Property Taxes
5%
$111
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0